ECONOMIC LAWS Concept of Law: Law means “rule or conduct”. A law expresses the causal relationship between two sets of phenomenon. Like other sciences‚ economics also collects facts and undertakes their systematic study. The facts are analysed and conclusion drawn. These conclusions establish causal relationship between the concerned facts. These are called laws or generalisations. Collection of facts ⇨ Systematic Study of facts ⇨ Establishment of facts ⇨ Analysis of facts ⇨ Conclusion has
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What is negligence? Negligence is a legal concept in the common law legal systems mostly applied in tort cases to achieve monetary compensation for physical and mental injuries. Negligence is a type of tort. "Negligence" is not the same as "carelessness"‚ because someone might be exercising as much care as they are capable of‚ yet still fall below the level of competence expected of them. It is the opposite of "diligence". It can be generally defined as conduct that is culpable because it falls
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SUD1 Business Law Assignment 2 Law of Tort and Negligence Business Law Assignment 2 Law of Tort and Negligence Memo To: Padmanaban Badri Narayanan. From: Doan Le Khanh Vy (Ivy). Regarding: Report On Common Law. Date: 9th December 2012. I am Ivy from class SUD11‚ Sunderland of University. I write this memo to you in order to aid you comprehend my work easier. I have spent a great deal of time for this assignment. This is the first time I study law‚ so there a great
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LANGUAGE OF THE LAW Characteristics of the courtroom discourse Eva Přidalová Introduction In all societies‚ law is formulated‚ interpreted and enforced: there are codes‚ courts and constables. The greater part of these different legal processes is realised primarily through language. “Language is medium‚ process and product in the various arenas of the law where legal texts‚ spoken or written‚ are generated in the service of regulating social behaviour.”1 In the Anglo-Saxon common law system‚ a discrete
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The Crucial Difference Between Law and Justice Are law and justice the same thing? Many believe the idea that if one disobeys the law‚ they must be brought to justice. However‚ this isn’t always the case. The fact that there is law permitting or forbidding an act that does not determine that it is right or wrong. While justice is meant to be administered with the utmost fairness and equality‚ Arthur Miller’s play The Crucible demonstrates that this does not always prevail. In The Crucible by
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Question A- states the similarities and differences between legislation and subsidiary legislation. What is legislation? Legislation knows as statutory law which is has been enacted or promulgated by any kind of governing body or even parliament. It refers to a single law or even a group body of enacted law. In the history‚ it is called as “bill” which is more often than not projected by a member of the legislature. Examples of legislation are Statutes or Acts of Parliament‚ Ordinance and Enactments
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The partnership act 1890 governs the relationship of the persons and the outside world. And in respect of dissolution; if there is no partnership agreement‚ the partnership act set out the rights and duties of the partners. Such rights and duties (by act or agreement) may be varies by the consent of all partners. (S 19). ‘The relation which subsists between persons carrying on a business in common with a view to profit.’ Under S24 (5) ‘in common’ means every partner has a say in the firm. The members
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important to have a separation of powers‚ to examine the United Kingdom’s constitution‚ assessing our somewhat unclear separation of powers‚ and discussing the reasons why we do not have a strict separation‚ taking into account the overlaps and relationships between each limb of Government and the checks and balances required for it to operate efficiently. The political doctrine of the Separation of Powers can be traced back to Aristotle‚ who states: "There are three elements in each constitution ..first
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Nontraditional Litigation Systems Law/531 [ July 30‚ 2012 ] The traditional legal system of utilizes law as it is foundation for all decisions. Laws in the United States have four sources; constitutional‚ statutes and ordinance‚ common law and administrative. The features of these four are: * Constitutional Law is based on a formal document that defines broad powers. Federal constitutional law originates from the U.S. constitution. State constitutional law originates from the individual state
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Sources of Roman law Archaic Period Custom A law that was not written down. The cumstoms were so firmly established that they had acquired obligatiory force. The recognition of a custom was however not an exact science and jurists debated whether the custom could be called a law or a binding. Roman law was almost entirely customary in origin. Royal decrees The decree of the Kings had a direct binding force as law. Republic The twelve tables 451 BC Ten men were appointed to study
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